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7.1.G. - Page 59 CITY OF REDWOOD CITY, CALIFORNIA
<br /> PROPRIETARY FUNDS
<br /> COMBINING STATEMENT OF CASH FLOWS
<br /> INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
<br /> FOR THE FISCAL YEAR ENDED JUNE 30, 2013
<br /> Governmental
<br /> Water Sewer Activities -
<br /> Utility Utility Parking Port of Docktown Internal Service
<br /> Fund Fund Fund Redwood City Marina Totals Funds
<br /> Cash flows from operating activities: $ $ $ $ $ $ $
<br /> Cash received from customers 32,751,005 28,260,681 1,356,251 6,040,533 186,160 68,594,630
<br /> Cash received from interfund services provided 22,794,858
<br /> Cash payments to suppliers for goods and services (18,693,359) (14,936,367) (855,681) (1,806,157) (136,375) (36,427,939) (14,507,634)
<br /> Cash payments to employees for services (4,934,135) (1,887,408) (1,015,654) (1,134,377) (18,762) (8,990,336) (8,022,665)
<br /> Right of way compensation (2,262,500) (1,865,119) (42,000) (4,169,619)
<br /> Net cash provided by (used in) operating activities 6,861,011 9,571,787 (557,084) 3,099,999 31,023 19,006,736 264,559
<br /> Cash flows from noncapital financing activities:
<br /> Nonoperating grant revenue 34,696 499,697 534,393
<br /> Insurance recovery 4,689 103 4,792 2,225
<br /> Property taxes 104,081 104,081
<br /> Transfers in 31,323 441,572 472,895 1,565,345
<br /> Transfers out (1,479,461)
<br /> Advances to other funds (3,000,000)
<br /> Advances from other funds 3,000,000 3,000,000
<br /> Contributions 1,256,097
<br /> Net cash provided by (used in) noncapital financing activities 3,039,385 31,323 545,756 499,697 4,116,161 (1,655,794)
<br /> Cash flows from capital and related financing activities:
<br /> Acquisition and construction of capital assets (1,730,726) (2,547,772) (8,960,520) (13,239,018) (435,962)
<br /> Principal retirements (1,865,000) (616,254) (2,481,254)
<br /> Interest paid (2,802,852) (4,762) (841,514) (3,649,128)
<br /> Proceeds from sale of equipment 53,058
<br /> Payment to refund bonds (571,707) (571,707)
<br /> Net cash used in capital and related financing activities (6,970,285) (2,547,772) (4,762) (10,418,288) (19,941,107) (382,904)
<br /> Cash flows from investing activities:
<br /> Interest on investments 100,504 14,736 35,781 13 151,034 45,944
<br /> Net cash provided by investing activities 100,504 14,736 35,781 13 151,034 45,944
<br /> Net increase (decrease) in cash and cash equivalents 3,030,615 7,070,074 (16,090) (6,782,811) 31,036 3,332,824 (1,728,195)
<br /> Cash and cash equivalents at beginning of year 21,922,741 7,701,060 647,452 29,818,045 60,089,298 23,368,816
<br /> Cash and cash equivalents at end of year 24,953,356 14,771,134 631,362 23,035,234 31,036 63,422,122 21,640,621
<br /> Reconciliation of Net Cash Flow from Operating Activities
<br /> Operating income (loss) 4,270,970 8,339,570 (1,058,613) 1,919,776 7,989 13,479,692 (2,234,005)
<br /> Adjustments to reconcile operating income to net cash
<br /> provided by operating activities:
<br /> Depreciation 2,904,503 525,718 579,575 1,263,560 32,258 5,305,614 1,176,190
<br /> Change in assets and liabilities:
<br /> Decrease (increase) in accounts receivable (598,170) (166,436) (10,733) (88,376) (65,164) (928,879) (17,951)
<br /> Decrease (increase) in due from other governmental agencies 181,677 800,117 981,794 79,494
<br /> Decrease (increase) in inventory /prepaid expenses /deposits (150) (703,023) (30,870) 21,259 (712,784) 1,245
<br /> Increase (decrease) in vacation & sick leave payable (6,723) (6,085) (49,696) 29,415 (33,089) 66,080
<br /> Increase (decrease) in accounts payable 44,668 780,373 8,544 63,279 47,978 944,842 (474,689)
<br /> Increase (decrease) in customer deposits 60,103 4,000 (1,371) 7,962 70,694
<br /> Increase (decrease) in unearned revenue (133,751) (133,751) 40,000
<br /> Increase (decrease) in net OPEB obligation 4,133 1,553 709 26,208 32,603 6,633
<br /> Increase (decrease) in insurance claims payable 1,621,562
<br /> Total adjustments 2,590,041 1,232,217 501,529 1,180,223 23,034 5,527,044 2,498,564
<br /> Net cash provided by (used in) operating activities 6,861,011 9,571,787 (557,084) 3,099,999 31,023 19,006,736 264,559
<br /> Noncash investing, capital and financing activities:
<br /> Noncash capital contributions 1,422,418 241,938 1,664,356 268,380
<br /> Gain (loss) on disposal of equipment (574,641) (574,641) (85,508)
<br /> Increase (decrease) in investment in sewer authority (949,077) (949,077)
<br /> See accompanying notes to financial statements
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